$MON surging wildly! Arthur Hayes advocates and ignites the market, Wormhole Sunrise becomes the new engine of Decentralized Finance.

“What the bull run needs is another low Circulating Supply, high price, completely useless L1 Token. I clearly followed the trend, and MON will rise to $10.”

Arthur Hayes' seemingly sarcastic yet provocative tweet has injected a shot of adrenaline into Monad's MON Token.

Shortly thereafter, Wormhole announced the launch of the Sunrise platform, bringing MON to Solana, enabling it to be traded instantly on Solana. The dual benefits of technology and public opinion led to MON's price skyrocketing to over $0.046 on November 26, an increase of more than 80% compared to the public sale price.

01 Arthur Hayes's “Art of Calling Out”

Arthur Hayes's tweets have always been the focus of attention in the cryptocurrency market, and his remarks on MON are even more intriguing.

After expressing a bullish view, he then sent out a completely different message: “I’m out. Send this dogshit to ZERO! MON”.

This contradictory statement precisely reflects the huge controversy and high attention surrounding the MON Token in the current market.

Some market analysts believe that Hayes is not genuinely bearish on MON; rather, he is using a highly personalized approach to generate discussion about this emerging project and stimulate market conversation.

Regardless, the remarks made by this influential figure in the crypto space have successfully made MON the focus of public opinion, attracting the attention of a large number of traders.

02 The Disruptive Innovation of Wormhole Sunrise

Behind the surge in MON price is the technological revolution brought by the Wormhole Sunrise platform.

As a native Gateway listed on Solana, Sunrise simplifies Token issuance by providing instant first-day liquidity.

It fundamentally changes the way cross-chain asset migration works, allowing new Tokens to enter and instantly activate the liquidity of the Solana market through a single, standardized route.

What does this mean for MON?

As the first core Token supported after the launch of Sunrise, MON has enjoyed unprecedented convenience:

• No need to deal with complex multi-bridge processes and wrapped assets;
• You can trade with USDC, SOL, and other Solana Tokens on Solana once it's launched;
• Directly connect to mainstream Solana DeFi platforms such as Jupiter and Helius.

This innovation perfectly addresses the issue of “liquidity fragmentation,” ensuring that new on-chain assets like MON can receive sufficient liquidity support from the day they are listed.

03 MON Market Performance is Strong

The market performance of MON is outstanding among the newly listed L1 Tokens in 2025.

According to Gate Square's daily report, on November 26, the price of MON surged to over $0.046, an increase of more than 80% compared to the public sale price.

This increase significantly outperformed the performance of most other cryptocurrencies during the same period.

Even more impressive is that MON achieved this growth against the backdrop of a weak overall cryptocurrency market—during which Bitcoin had fallen below $90,000 and market liquidity was generally declining.

The strong performance of MON is attributed to multiple factors:

Solid holder base: Over 473 million MON has been distributed through airdrops to 289,000 wallets, of which 333 million have been claimed.

Institutional support: Coinbase's public sale raised $269 million from over 85,000 participants, creating another batch of steadfast buyers.

Lock-up mechanism: More than 50% of the MON supply will be locked until 2029, significantly reducing the selling pressure from insiders.

04 Ecological Development Supporting Value Proposition

In addition to price performance, the early data of the Monad ecosystem is also impressive.

In the first 24 hours after the mainnet launch, the Monad blockchain completed 3.7 million transactions, had 153,000 active addresses, and deployed 18,000 new contracts.

In addition, its total locked value reached approximately 90 million USD, and the DEX trading volume was about 70 million USD.

Many blockchains take months or even years to reach similar numbers, but Monad achieved this goal on its first day, indicating that its ecosystem is not just speculative hype.

Monad is a high-performance Layer 1 blockchain designed for speed without compromising security or decentralization, while maintaining full compatibility with the existing Ethereum ecosystem.

05 Opportunities and Risks Coexist

Despite the excellent performance of MON, potential investors should remain vigilant about the risks involved.

Fully Diluted Valuation: MON's fully diluted valuation is close to $3-4 billion, while currently only about 10% of the Circulating Supply is unlocked.

Future unlocking pressure: With the arrival of subsequent vesting periods, new selling pressure may be introduced.

Market Volatility: MON currently exhibits the characteristics of a high-risk, high-volatility Token, making it most suitable for investors who understand early L1 dynamics and can tolerate risk.

The built-in wallet on Telegram provides traders with a more convenient trading channel for the listing of MON, which may further enhance the liquidity and accessibility of MON.

However, for long-term holders, it is essential to seriously consider the unlocking schedule and the issue of fully diluted valuation.

Future Outlook

The future path of MON is not without obstacles. Its fully diluted valuation of nearly $3-4 billion and only 10% of the Circulating Supply suggest the volatility that may arise from future Token unlocks.

However, from Arthur Hayes's contradictory statements to the technical breakthroughs of Wormhole Sunrise, from 3.7 million on-chain transactions on the first day to a price increase of over 80%, MON is proving itself to be more than just a temporary market hotspot.

In the words of Arthur Hayes, MON may rise to $10, or as he puts it, “go to zero,” but in any case, it has successfully captured the attention of the entire crypto world.